J&J Bankruptcy
Bankruptcy: The BEST Way To Address Mass-Tort Claims Against Johnson & Johnson (In re LTL) https://tinyurl.com/bdfp2tde Plaintiff lawyers acting for women in class actions against Johnson & Johnson (J&J) have a significant conflict of interest. The actions are based on the disputed fact that ovarian cancer may follow the use of baby powder to the perineum. J&J face an estimated 40,000 claims for compensation with the result being an unstructured bankruptcy should all the claims proceed. In response J&J have sought chapter 11-bankruptcy protection in New Jersey, the state friendliest to big business. This attempt by J&J to isolate the damage from the litigation has been portrayed as a cynical attempt to deny sick women of their rights. The new entity; Long Term Liability LLC (LTL) has been granted protection by the bankruptcy court and the reasons are...